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What Technical Indicators do you rely on before entering a trade?
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Trade4Profit

Mitglied seit Feb 11, 2012  2 Beiträge Jacob (Trade4Profit) Feb 12 2012 at 07:39
Many traders have different trading systems.

My question to experienced traders, is:

What technical indicators do you rely on before entering a trade?

AND

What time frame do you trade? example: M1 M5 M15 M30 H1 H4 D1 W1 MN

Losses happen, Limit them.
alphasys

Mitglied seit Feb 03, 2012  21 Beiträge alphasys Feb 13 2012 at 07:11
Hi, rsi, stochastic, bollinger, entering M1, checking support and resistance on others, hope this help.

eating pips!
Trade4Profit

Mitglied seit Feb 11, 2012  2 Beiträge Jacob (Trade4Profit) Feb 14 2012 at 07:42
Thanks Alphasys.

I've been relying on bollinger bands to catch small trends, which has been good to me so far, but I wanted to know what other indicators I should use.

Losses happen, Limit them.
alphasys

Mitglied seit Feb 03, 2012  21 Beiträge alphasys Feb 14 2012 at 18:18
Hi Jacob, also i enter depending on the open or closing time of markets, as for example when a market is going bull, 10 minutes before closing people start to sell, so its a retracement, if its near a support, rsi and stochastic say enter i go for it if it goes with the daily price.
Pips for everyone!

eating pips!
trader757

Mitglied seit Jun 12, 2011  31 Beiträge trader757 Feb 18 2012 at 01:28
I don't use any indicators at all. I just use support/resistance, candlesticks and patterns like double top, double bottoms, etc. That's all i need. No fancy indicators. For me they are useless.


Capriswine

Mitglied seit Feb 21, 2012  1 Beiträge Capri Swine (Capriswine) Feb 21 2012 at 07:33
Hi, I use simple ones like Stochastic and RSI for entry signalling... I'm more stringent when it comes to trend prediction, so I use Elliott Waves on H1 to D1 to make sure they all point towards the same direction lol

StopLoss is friend, not foe...
miike

Mitglied seit Dec 02, 2011  8 Beiträge Miike (miike) Feb 22 2012 at 09:45
KISS, S/R and 2 x SMA's, I trade any symbol and only use daily for signals.

:)
Miike

nordic_

Mitglied seit Feb 16, 2012  83 Beiträge Steve Walker (nordic_) Feb 22 2012 at 09:47
there is only one. Elliot waves. others are all junk.

Trade the Trend Defend to Price
myfxpt

Mitglied seit Aug 06, 2011  204 Beiträge Gary Sharp (myfxpt) Aug 18 2012 at 01:08
It's all in the price action.

Keep it simple!
James_Bond

Mitglied seit Jan 14, 2010  554 Beiträge James_Bond Aug 19 2012 at 12:31
I think if you look hard enough, you'll find patterns with every type of indicator or so called 'trading system'. Whatever makes you see those patterns, if you can profit from it, keep using it smiley.

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